Equated monthly installment. An equated monthly installment (EMI) is defined by Investopedia as A fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month, so that over a specified number of years, the loan is paid off in full..
Quote definition, to repeat (a passage, phrase, etc.) from a book, speech, or the like, as by way of authority, illustration, etc. See more.
1. the act of citing or quoting. 2. a reference to an authority or a precedent, esp. in law. 3. a passage cited; quotation. 4. a. mention of a soldier or a unit in official dispatches, usu. for gallantry.